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Citigroup Inc. (NYSE:C) seeing increased demand from Nigerian companies planning to raise cash in international capital markets

By on June 27, 2019 0

Citigroup Inc. (NYSE:C) is seeing increased demand from Nigerian companies planning to raise cash in international capital markets to expand amid renewed investor interest in West Africa. “The major concern for most corporates as well as potential investors last year was the elections and the possible implications for policy direction, especially from an exchange-rate perspective,” Akin Dawodu, the lender’s Nigerian head, said in the commercial hub of Lagos. With the vote done, Citigroup expects companies will be “harmonizing their funding needs with their business plans.”



Citigroup Inc. (NYSE:C) shares edged up 1.02% to finally closed at $67.22 in last active session. 

C’s distance from 20 day simple moving average is 1.51% and distance from 50-Day simple moving average is 0.18%.

Analyst’s mean target price for C is $80.13 while analysts mean recommendation is 1.90. Stock value has moved between $48.36 – 75.53 in last one year. Stock has got OUTPERFORM rating from 12 of Thomson Reuters analysts, 3 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for C is $80.13 while analysts mean recommendation is 1.90. 

Citigroup Inc. (NYSE:C) yearly performance is 2.24%. Annual EPS Growth of past 5 years is 9.40%. The current share price indicates that stock is -10.66% away from its one year high and is moving 38.83% ahead of its 52-week low. 



On 26 June 2018, Morgan Stanley (NYSE:MS) shares edged up 0.77% and ultimately finalized to $42.99 in last traded day. Stock has got OUTPERFORM rating from 9 of Thomson Reuters analysts, 7 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for MS is $54.24 while analysts mean recommendation is 2.00. 



At the movement Mosaic Co (NYSE:MOS) is under coverage by number of analysts. Buy rating has been given by 4 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 9 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is outperform and their mean rating for the stock is 2.25 on scale of 1-5. Analysts mean target price for Mosaic Co (NYSE:MOS) is $32.47 while their mean recommendation is 2.40 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved fell -0.08% to end the day at $24.14. The current share price indicate that stock is -35.40% away from its one year high and is moving 16.00% ahead of its 52-week low. 

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